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April 25, 2019 -- Medical device company Align Technology has reported increases in revenues and clear-aligner shipments for the first quarter of 2019.

For the quarter (end-March 31), the company reported net revenues of $549.0 million, up from $436.9 million from the same quarter in 2018. Net profit for the first quarter was $71.8 million, down from $95.9 million in the same period of 2018. The drop in net profit was attributed to charges of more than $22 million for the closing of the company's Invisalign stores.

The company also reported that shipments of its clear-aligner product totaled 349,195 for the quarter, compared with 272,235 from the same period in 2018.